INSUBCONTINENT EXCLUSIVE:
in the financial sector, prompting the central bank to cut its 2019-20 growth forecast to 6.1 per cent last week from 6.9 per cent.Moody's
the government's target of 3.3 per cent, following New Delhi's decision to cut the corporate tax rate, which will cost about Rs 1.5 lakh
crore in tax revenues.It also said that a long period of weak growth will hamper the government's fiscal consolidation plans."A prolonged
period of slower nominal GDP growth not only constrains scope for fiscal consolidation, but also keeps the government debt burden higher for
longer compared," it said.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)Get
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